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$826,000

505 Kelley St, Houston, TX, 77009

$1,054,501 ARVInfo
Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,480 Sq Ft
price_per_sqft$237.36 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Deal ListARV FlipAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size5,301 sqft

Building Information

Year Built2022
Garage Spaces2

Land Information

APN0660630020026
Lot Number27
SubdivisionLindale Park
Land UseResidential
Legal DescriptionLT 27 BLK 2 LINDALE PARK SEC 1
Census Tract210600
Assessed Land Value$129,394
Assessed Improvement Value$519,907
Assessment Year2025

About this property

This spacious 5,300 square foot lot in Lindale Park is the perfect site for future new construction. The sale of the lot includes a full set of professionally engineered plans that have already been submitted to the City of Houston for a two-story, 3,082 square foot home with five bedrooms, two full bathrooms, and two half bathrooms plus a game room. There is an existing concrete driveway and automatic driveway gate on the property. The neighborhood is growing rapidly and there is a good mix of renovated historic homes and new construction. This unbeatable location is just a stone's throw from the Heights and minutes from Downtown. With wide streets, it's an extremely walkable community in close proximity to major highways and numerous popular Houston bars, restaurants, and shopping. Do not miss the rare chance to snag this prime investment opportunity!

Investor Tools

Property Icon
$826,000
Estimated Property Value
$350,000Estimated Mortgage Balance
$491,327Estimated Equity
58% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$1,054,501
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,956 /month
Positive
Cash Flow Estimate:
$1,652 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,476/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,579
$649,301
2025
$129,394
$519,907
$649,301
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,579
$649,301

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Heritage Lending Inc
Conventional
$350,000
No
First
Dec 7, 2023
Jan 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$334,673
$478,327
58%
41%
$2,099/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$2,099/mo
+$127/mo
3.2%

Learn About the Market: Opportunity in Houston

Local Market Pages
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Explore

Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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505 Kelley St | Property Details | No Agent List